The US and other OECD countries had high levels of GDP per person in 2011 despite growing at a moderate rate from 1960 to 2011 because:
A) of exploitation of foreign countries.
B) their economies had grown at a moderate rate for a century or more.
C) they stole the wealth of less developed countries.
D) all of the above.
Correct Answer:
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Q10: World growth data reveals that from 1960
Q11: The marginal product of labour is:
A)how much
Q12: World growth data shows that from 1960
Q13: World growth data reveals that from 1960
Q14: For the production function Y = A
Q16: Diminishing marginal product of capital (MPK) means:
A)output
Q17: In the production function Y = A
Q18: The marginal product of capital is:
A)
Q19: Among the assumptions made about the production
Q20: The marginal product of capital is how
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